--snips for clarity--you can get additional bitcoin exposure even if you're balls deep, all-in,
no fiat left
you get paid in btc straight away
it isn't necessary to leverage above 1:1 at all
Sounds scary to me
never much confidence
that at any point in the short run
the odds are better than 50/50 that BTC is going up
As soon as she finds herself up, you can close your position with a tiny profit.
What matters is
1. Not getting liquidated, so you remain in play
2. Having a fairly long time horizon, so she has time to float in her preferred direction (uppity).
I wouldn't do perpetuals because in general I don't short. If longing perpetuals, you almost always pay interest, as I explained in the quoted post.
Is it even possible to be more happier than 89.7x profits in 11-ish years?
Yessir it is, much very happier.
Think if the 89.7x profits were not in fiat ($1 becomes $89.7) but in corn (0.01
BTC becomes 0.897
BTC). Or if, corn forbid, you are a shorter and have theoretically no risk of liquidation. You can short perpetuals and meanwhile pocket tasty funding interest, or regular (expiring) futures and pocket the future premium as soon as you paper-sell. Besides, when there is downity, the profits are higher in btc terms for the same dollar amount.
This said, I do not advise trading except maybe marginally, with a little throwaway play stash. I certainly do not advise SHORTING. Of course, once or twice in a lifetime can still be fine.
Of course you can't be bothered with this risky, sweaty business since per your own admission you've long reached your accumulation goals. 0.63
BTC is nothing to be sneezing at, as somun sez. I can't blame you. My words will resonate more with some of the rest - those who feel they haven't accumulated enough yet.
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